The popular theory that no press is bad press was put to the test for Microsoft when their unveiling of the Xbox One was met with a series of very humorous memes, and a stunningly low approval rating, that many would have a hard time calling good press.

As bad as it was though, it’s not exactly the worst tragedy in the history of mankind, the video game industry or, for that matter, even Microsoft’s gaming division.

So while the controversial Xbox One may prove to be their biggest bust of all, for now let’s all keep things in perspective by revisiting the top five biggest mistakes Microsoft has ever made.

5. The Duke

A controller is one of the most important parts of launching a video game system, and when that system is your first one ever, may even come to define part of your image for all time.

If that is true, then unfortunately part of Microsoft’s image will always be that of a big fat failure.

“The Duke” as it would commonly be referred to, was a gargantuan gaming controller recognized by Guiness as one of the largest of all time, and by everyone else as one of the worst. Awkward for most, and impossible for some, “The Duke” would later be phased out in favor of the Japanese model “Controller S.”

Though it would lead to one of best controller designs of all time in the “360 Wireless,” few will ever forget the pain and hand aches associated with “The Duke.”

4. HD-DVD

Though Blu-Ray hasn’t exactly set the world on fire in the way that DVD’s did, Toshiba’s similar “HD-DVD” format didn’t even make a spark.

Yet when it came time to support a next-gen disc format, which one do you think Microsoft chose?

In a way it’s difficult to fault them for doing so, since at that time the format wars were far fom resolved, and Sony was a big backer of Blu-Ray, but try telling that to everyone that jumped the gun and bought a 360 HD-DVD player, only to have it collecting dust along with a small stack of HD-DVD titles less than a year later.

3. Acquiring Rare

When Microsoft acquired developer Rare for a cool $375 million, it looked like they had pulled off one of the great gaming coups of all time. After all, Rare was only one of the most storied developers ever, and had produced the greatest N64 games this side of Nintendo.

Much like a brilliant assistant coach leaving Bill Belichick though, once Rare was free from the umbrella of Nintendo’s influence, they would flounder in the spotlight.

While the re-make of “Conker” for Xbox was fun, and the 360 launch game “Kameo: Elements of Power” was decent enough, it was that other 360 launch title “Perfect Dark Zero” that would define their future with Microsoft.

It’s a future that includes titles ranging from boring to broken, with hardly a commercial or critical hit to be found. While some gamers hold out hope for the glorious return of one of gaming’s most famed developers, or maybe just a new “Killer Instinct,” it’s looking less and less likely the 11 year old mega deal will ever pan out.

2. Lack of Support for the Japanese Market

As one of the first U.S. grown gaming systems to make it, Microsoft has always had a strained relationship with gamers from the land of the rising sun.

You could argue that they are up against a cultural barrier that isn’t entirely their fault, but from soft system launches in Japan to serious issues in successively seeking out major Japanese developer’s support, Microsoft has done no favors for themselves when trying to gain the support of the creatively, and financially, lucrative Japanese market.

In many ways it feels like they’ve completely written off the idea of ever really selling in Japan and, as a result, guarantee they will never be able to make a serious impact on their biggest rivals until they do.

1. The Red Rings of Death

Really, what else could it be?

The Xbox 360 did a lot of great things for gaming, but instead of being remembered for the brilliance of Xbox Live, or an assortment of classic titles, the lasting image of the 360 will always be blinking red lights indicating a massive system failure that almost every 360 owner has had to experience at some point, or at the least fear forever.

Though a return and re-furbish option became available, once you got the red rings, you never really escaped them, just as Microsoft would never be able to escape the issue, even late into the system’s life span when the lights would become far less prevalent.

Instead the red lights of death are Microsoft’s version of herpes, in that they dealt with it once, and it’s now with them forever.

The last several years of gaming have taught us that there are quite a few ways to make a gaming announcement.

For instance, you can bring out a bunch of awkward presenters who sound like they’ve only seen a video game as a word atop an earnings report, you can hire a bunch of celebrities to shamefully shill your product, you can insert enough cheap jokes and crowd pop attempts to make pro wrestling blush, and of course you can overspend on the presentation to compensate for your drastic under planning on the actual execution.

In unveiling their new console today, Microsoft pulled out all of these, and more. Of course, we should have anticipated this as soon as we heard the name of that console, the Xbox One, which displays as much creativity as any of those mentioned techniques.

Putting aside the fact that Microsoft is comfortable naming their console of the future after a term used when people are specifying the original Xbox in conversation, the actual hour long unveiling that would follow was a jumble of ideas that probably didn’t leave the punch in the gut impression that Microsoft had intended.

Now granted, there were a few moments of inspiration during the presentation, but most of them were centered around the initial demonstration of the Xbox One’s voice operated multimedia capabilities which, even though it was more of an extended demo of the new Kinect, was exactly the kind of thing that you expect  from the next generation of gaming system.

From there though, things moved downhill. While aspects like the console’s bland looks, terrible, terrible name, and dull presentation style are ultimately trivial, what isn’t is the general impression that Microsoft is more interested in creating a multi-media device than they are a gaming system. This is evident in the lack of sufficient game announcements, dearth of in-game footage, choice to treat EA annual games like a big deal, and larger emphasis on getting RGIII and Steven Spielberg to cut promos over providing gamers with details like a price point (on Live and the console) or a solid release date.

If you need any further proof of this dramatic shift in philosophy, look no further than the dodgy and haunting answers to the controversial issues of used game compatibility and always online features, which do nothing to quell the concerns of gamers.

Then again, the point is that the Xbox One doesn’t appear to be a gaming console as we’ve known it. While that could be a good thing in doses, and it’s obviously financially beneficial for Microsoft to focus on a multimedia device, if you’re a real gamer you’re probably still left shivering from that hour long cold shoulder.

Of course, realistically it is still too early to draw long term conclusions on the Xbox One, but the fact remains you only get one first impression, and the Xbox One’s first impression was not that of a confident  gaming system. You could argue that Microsoft is saving all of that “game stuff” for E3, but as mentioned, that is a bloated and archaic institution, whereas this was the moment that Microsoft was supposed to have all to themselves.

It’s quite possible that what we’ve just seen is the inevitable future of the business of video games. If it really is all about figures and market shares though, then Microsoft will do well to take notice of the rise in Sony’s stock shortly following the Xbox One announcement not as an apparition, but as a clear message of the dangers, and benefits, of first impressions and that this is a true make or break system for the Redmond institution that shows they cannot afford to rest on their laurels, and come out with many more major whiffs, as they did today.